Agios Pharmaceuticals, Inc. (NASDAQ:AGIO)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks, Inc. in a report issued on Tuesday. They presently have a $80.00 price objective on the biopharmaceutical company’s stock, up from their previous price objective of $68.00. SunTrust Banks, Inc.’s target price would indicate a potential upside of 34.43% from the stock’s current price.

Several other equities analysts also recently commented on AGIO. Leerink Swann upgraded shares of Agios Pharmaceuticals from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $50.00 to $80.00 in a research note on Wednesday, August 2nd. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Agios Pharmaceuticals in a research report on Tuesday, August 1st. Canaccord Genuity set a $90.00 price objective on shares of Agios Pharmaceuticals and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Agios Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Oppenheimer Holdings, Inc. set a $75.00 price objective on shares of Agios Pharmaceuticals and gave the stock a “buy” rating in a research report on Sunday, June 11th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $68.67.

Agios Pharmaceuticals (NASDAQ AGIO) traded down 2.54% on Tuesday, hitting $59.51. The stock had a trading volume of 1,058,869 shares. The stock’s market cap is $2.87 billion. The firm’s 50 day moving average price is $55.14 and its 200-day moving average price is $50.99. Agios Pharmaceuticals has a 12 month low of $35.84 and a 12 month high of $67.74.

Agios Pharmaceuticals (NASDAQ:AGIO) last posted its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($1.78) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.57) by $0.21. The business had revenue of $11.30 million during the quarter, compared to analyst estimates of $10.68 million. Agios Pharmaceuticals had a negative return on equity of 71.20% and a negative net margin of 491.54%. The business’s revenue was up 62.1% on a year-over-year basis. During the same quarter last year, the firm earned ($1.47) EPS. On average, analysts forecast that Agios Pharmaceuticals will post ($6.43) EPS for the current year.

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In other news, CEO David P. Schenkein sold 27,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $59.95, for a total value of $1,618,650.00. Following the completion of the sale, the chief executive officer now owns 3,000 shares of the company’s stock, valued at $179,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David P. Schenkein sold 3,000 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $50.02, for a total transaction of $150,060.00. Following the completion of the sale, the chief executive officer now directly owns 1,100 shares of the company’s stock, valued at approximately $55,022. The disclosure for this sale can be found here. Insiders have sold 79,120 shares of company stock worth $4,557,207 in the last three months. Insiders own 10.55% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in AGIO. Swiss National Bank raised its position in shares of Agios Pharmaceuticals by 3.4% in the first quarter. Swiss National Bank now owns 55,360 shares of the biopharmaceutical company’s stock valued at $3,233,000 after buying an additional 1,800 shares in the last quarter. Spark Investment Management LLC raised its position in shares of Agios Pharmaceuticals by 139.9% in the second quarter. Spark Investment Management LLC now owns 84,700 shares of the biopharmaceutical company’s stock valued at $4,357,000 after buying an additional 49,400 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Agios Pharmaceuticals by 8.3% in the first quarter. Geode Capital Management LLC now owns 263,899 shares of the biopharmaceutical company’s stock valued at $15,410,000 after buying an additional 20,336 shares in the last quarter. Clear Harbor Asset Management LLC bought a new position in shares of Agios Pharmaceuticals during the first quarter valued at $270,000. Finally, Ameriprise Financial Inc. raised its position in shares of Agios Pharmaceuticals by 8.5% in the first quarter. Ameriprise Financial Inc. now owns 41,029 shares of the biopharmaceutical company’s stock valued at $2,397,000 after buying an additional 3,215 shares in the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

About Agios Pharmaceuticals

Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.

Analyst Recommendations for Agios Pharmaceuticals (NASDAQ:AGIO)

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